people don’t need cars the same way they need shelter and food. I’m sick of landlords acting like they’re providing some kind of social service when they financially benefit from the arrangement at the expense of the tenant, whom unlike the landlord has nothing to show for years of renting, where the landlord has now paid off their mortgage and has more capital to purchase further properties… Its an inherently self concentrating system - a renter will struggle more to buy a single property than a landlord does to add “another investment to their portfolio” through more favourable loan securitization and asset evaluation.
Landlords provide housing the same way scalpers provide tickets - considering they amass a huge majority of a working individual’s income despite contributing nothing themselves and sitting sedentary for their serfs to pay their wages, I dont really give a shit what income maximisation they pursue. Anything more than a dollar is a profit, and one which they are just as likely to have “earned” from inheritance as they are from any actual hard work and skilful property quisition.
If it’s so tragic and unprofitable to be a landlord, might I suggest selling up and getting the fuck out of the equation, instead of playing monopoly with the housing supply and acting like you’re a saint for refusing to fix the fucking mould problem, so I can pay for your ugly family’s next holiday instead of having a stable roof over my head.
I have no vested interest, as I’m not a landlord. My point is that people generally won’t settle for less when they can earn more. Regardless of how essential the item or service is, businesses and individuals will always aim to maximize their earnings if the market allows it. It would be a poor financial decision not to. Whether someone feels resentful because others profit off of them (which, by the way, is all of us in America when we buy foreign goods who use children for harvesting raw materials or other labor), it’s irrelevant to the situation. It isn’t going to change until God changes it.
people don’t need cars the same way they need shelter and food. I’m sick of landlords acting like they’re providing some kind of social service when they financially benefit from the arrangement at the expense of the tenant, whom unlike the landlord has nothing to show for years of renting, where the landlord has now paid off their mortgage and has more capital to purchase further properties… Its an inherently self concentrating system - a renter will struggle more to buy a single property than a landlord does to add “another investment to their portfolio” through more favourable loan securitization and asset evaluation.
Landlords provide housing the same way scalpers provide tickets - considering they amass a huge majority of a working individual’s income despite contributing nothing themselves and sitting sedentary for their serfs to pay their wages, I dont really give a shit what income maximisation they pursue. Anything more than a dollar is a profit, and one which they are just as likely to have “earned” from inheritance as they are from any actual hard work and skilful property quisition.
If it’s so tragic and unprofitable to be a landlord, might I suggest selling up and getting the fuck out of the equation, instead of playing monopoly with the housing supply and acting like you’re a saint for refusing to fix the fucking mould problem, so I can pay for your ugly family’s next holiday instead of having a stable roof over my head.
I have no vested interest, as I’m not a landlord. My point is that people generally won’t settle for less when they can earn more. Regardless of how essential the item or service is, businesses and individuals will always aim to maximize their earnings if the market allows it. It would be a poor financial decision not to. Whether someone feels resentful because others profit off of them (which, by the way, is all of us in America when we buy foreign goods who use children for harvesting raw materials or other labor), it’s irrelevant to the situation. It isn’t going to change until God changes it.